IndiGo's domestic market share in June increased to 41.3 percent compared to 40.9 percent in previous month.
At least five mid-air collisions were averted in the last year, four of them involving IndiGo aircraft
"We are exploring an alliance with a major international carrier and also another major American company," Singh told reporters at the sidelines of the Annual Leadership Summit of US-India Strategic and Partnership Summit (USISPF) here yesterday.
Any fall in crude oil price is always good for oil marketing companies as well as for country like India which imports more than 80 percent of its requirement.
Recent weakness in the stock prices of Indian airlines on the back overall market volatility and rising ATF prices is providing an opportunity to board fundamentally strong business for the long term
Despite May being the holiday month, the industry witnessed lower than 20 percent year-on-year (YoY) growth. This is the first time in five months the growth was below 20 percent. Industry load factor witnessed a month-on-month (MoM) contraction of 170 bps. This was due to substantial fall of 680bps (MoM) in RPK (revenue passenger kilometers).
The Directorate General of Civil Aviation (DGCA), in its latest traffic data for May, had said that domestic air passenger traffic grew 16.53 per cent to 11.86 million during the month over the same period a year ago.
With the addition of the Delhi-Kanpur flight, the airline now operates 15 flights under Udan--Mumbai-Porbandar, Mumbai-Kandla, Hyderabad-Puducherry, Jaipur-Jaisalmer, Delhi- Adampur, Chennai-Hubli and Hyderabad-Hubli sectors.
Any rise in crude oil prices is always negative for not only oil marketing companies but also aviation firms.
Oil prices corrected nearly 11 percent from the $80.50 a barrel (the highest level since November 2014) touched on May 17.
"The Spice Star Academy will provide a launch pad to aspiring young women and men and nurture talent through training programmes," said Ajay Singh, chairman, SpiceJet.
Brent and WTI have respectively fallen by 5.5 percent and 7.5 percent from peaks reached earlier in May.
For the full year to March, the airline reported a 32 percent jump in profit at Rs 566.7 crore, which is the highest-ever annual profit in its history and the third profitable full year in a row for the 13-year-old carrier.
The AAI is the implementing agency for the Ude Desh Ka Aam Nagrik (Udan) scheme, which seeks to provide connectivity to unserved airports besides increasing services to the under-served airports.
Passengers carried by the domestic airlines between January and March this year also saw a growth of 23.87 percent as compared to the same period last year, data released today by aviation watchdog Directorate General of Civil Aviation said.
Edelweiss is bullish on SpiceJet has recommended buy rating on the stock with a target price of Rs 166 in its research report dated April 2, 2018.
The I-T department had not produced any material to establish that Maran was responsible for the day-to-day affairs of the SpiceJet, the judge said.
Though the engine problem of A320neo aircraft first surfaced in February, Indigo gained 20 bps in its market share over January
The airline plans to add the expected 15 ATRs by the end of 2018, and is planning to add 20 A320ceo aircraft to its existing order with Airbus.
According to a source, in one incident, one of the wheels of a Jet Airways B737 plane was found damaged before flying to Mumbai on Saturday and it remained grounded till the problem was fixed.
Both IndiGo and SpiceJet submitted lists of sectors to be shifted to T2 to DIAL, which gave its consent to the proposal.
The number of aircrafts grounded are not very large and so it is unlikely that there will be a major disruption for the sector and Indigo, Kapil kaul, CEO, India Subcontinent, CAPA.
At current exchange rate, the deal is worth more than Rs 81,000 crore and is one of the biggest in the aviation sector.
Outsiders call Ajay Singh the dark horse that could walk away with the loss-making state-owned carrier.
The Competition Commission of India (CCI) has imposed a penalty of over Rs 540 million on Jet Airways, SpiceJet and IndiGo for fixing fuel surcharge, after the Express Industry Council of India lodged a cartelisation complaint